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Stock impact report

Salesforce's talks to acquire Informatica flame out - WSJ [Seeking Alpha]

Informatica Inc. (INFA) 
Company Research Source: Seeking Alpha
agree on terms, according to a WSJ repor t late Sunday, which cited people familiar with the matter. The update comes after the WSJ on April 12 reported that Salesforce ( CRM ) was is in advanced discussions to acquire Informatica INFA ). Salesforce was discussing a price for Informatica in the mid-$30s a share, according to the latest WSJ item, which was below the price where INFA had been trading at the time. The original WSJ report sent Salesforce ( CRM ) shares down 7.3% on April 15 as investors didn't appear to like the prospects of a large deal after Salesforce ( CRM ) had moved away from large acquisitions amid pressure from activist investors. Informatica has market cap of $10.5 billion. Informatica ( INFA ) is scheduled to report its Q1 results on May 1. Recommended For You More Trending News Recommended For You More Trending News Show less Read more
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